175,375 Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 175,375 shares of the company's stock, valued at approximately $18,169,000. Raymond James Financial Inc. owned about 0.39% of FirstCash as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in FirstCash by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock worth $426,105,000 after buying an additional 22,009 shares during the last quarter. Sei Investments Co. increased its stake in shares of FirstCash by 5.4% in the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company's stock worth $67,193,000 after acquiring an additional 33,040 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of FirstCash by 28.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock worth $58,076,000 after purchasing an additional 123,386 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in FirstCash by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company's stock valued at $53,866,000 after purchasing an additional 21,685 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in FirstCash by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company's stock valued at $40,164,000 after purchasing an additional 30,948 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Insider Buying and Selling at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the sale, the chief financial officer now owns 100,567 shares of the company's stock, valued at approximately $11,399,269.45. The trade was a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now directly owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by corporate insiders.

FirstCash Stock Performance

Shares of NASDAQ FCFS traded down $0.61 during midday trading on Friday, reaching $131.12. 87,341 shares of the stock were exchanged, compared to its average volume of 272,906. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The firm has a 50-day simple moving average of $118.00 and a two-hundred day simple moving average of $111.84. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $134.15. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 22.86 and a beta of 0.58.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.32. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The business had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.16%. FirstCash's dividend payout ratio is currently 26.53%.

Analyst Ratings Changes

Separately, Stephens reiterated an "overweight" rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.